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Big reveal! No. 1 wine of 2013

Friday, 15 Nov 2013 | 12:05 PM ET
Wine Spectator's Number 1 wine of 2013
Friday, 15 Nov 2013 | 10:50 AM ET
A fifth-generation winery in the Rioja region of Spain just hit it big on Friday. Wine Spectator executive editor Thomas Matthews unveiled Cune Rioja Imperial Gran Reserva 2004 as the magazines No. 1 wine of 2013 on the floor of the New York Stock Exchange.

A fifth-generation Spanish winery hit it big at the New York Stock Exchange on Friday.

Thomas Matthews, the executive editor of Wine Spectator, unveiled the winery's $63 Cune Rioja Imperial Gran Reserva 2004 as the magazine's top wine of 2013, making it the first time a Spanish wine has earned the prestigious honor.

The Spanish wine beat out 20,000 other vintages, including a $103-bottle from Bordeaux France and a $92 Chardonnay from Napa Valley, Calif.

"This is a 19th century winery, still in the same family hands [for] five generations," Matthews said on "Squawk on the Street." "They're really doing it right. They grow their own grapes. They are very careful about the wine-making. They're just honest hardworking people."

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Harvesting grapes in the Ribeira Sacra region of Spain on Oct. 8, 2013.
Getty Images
Harvesting grapes in the Ribeira Sacra region of Spain on Oct. 8, 2013.

Matthews said judges' fell in love with the Rioja because of the "emotional factor, the X-factor, which really got us excited this year."

"It finds that middle road between traditional and modernity that I think people want to drink right now," Matthews said.

— By CNBC's Jeff Morganteen. Follow him on Twitter at @jmorganteen and get the latest stories from "Squawk on the Street"

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